SA stocks up 22% in 2012 on retail surge

Comment on this story
IOL business dec28 jse Independent Newspapers File photo: Simphiwe Mbokazi

Johannesburg - South African stocks ended the year near record highs on Monday, after a 22 percent surge that marks their best annual return since 2009, lifted by a runaway performance from the booming retailing industry.

The benchmark Top-40 index finished the day down 0.39 percent at 34,795.50, just off its record high hit last week and up 22.22 percent for the year.

The broader All-share index finished the session 0.34 percent lower at 39,250.24, also near a record high and up 22.71 percent for the year.

Johannesburg trade closed after a half day ahead of the New Year's holiday. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.